HOODS UP: A Pixelated Pilgrimage Begins As The SlopFather’s 5,000 Mystical Chain Mancers Reveal On Robinhood Chain And Embark On Their DeFi Journey!
Aug 8
2 min read
From the kingdom of Ethereum to the realm of Robinhood Chain, a pixelated pilgrimage began last night as the Chain Mancers revealed themselves on the new L2, and their journey has only just begun!
On Friday, Robinhood Chain was full of magic and wonder as BlockHash founder and developer Michael Hirsch, better known as The SlopFather, put the hood up on his new project, Mancer, a Clutch Markets StonkBrokers Special Project building a trustless, custody-less decentralized exchange that aims to become the Jupiter of Robinhood Chain, and revealed its collection of 5,000 NFTs.
From different colored hoods to magical items, the collection has a wizarding feel that fits perfectly with the imagery Robinhood evokes. But Chain Mancers are much more than an art project. They’re part of an entirely new DeFi protocol, and these mystical characters are its sacred keepers.
As the Gazette previously reported, the 5,000 Chain Mancer NFTs form what The SlopFather calls a decentralized keeper network that will eventually execute all of Mancer’s fills, according to the project’s whitepaper.
On Mancer, users will be able to place orders on everything from memecoins to tokenized stocks and wait for them to be filled without ever escrowing their money. This means users’ funds stay in their own wallets until the exact moment their orders are filled. There is no intermediary holding the capital, and every fill is protected by an onchain price floor, so the price users set is the price they’ll get!
“Mancer's bet is that the two things traders actually need from an exchange — their money kept safe and their price kept honest — are both properties a contract can enforce, and that once en‐forced, everything else can decentralize,” TheSlopFather wrote. “Funds never leave the maker's wallet until they trade. Every fill clears a floor or reverts. Exits are transactions no one can gate and no one may charge for. Revenue becomes ETH permissionlessly and pays the network that runs the protocol. And be‐ cause the contract, not the executor, guarantees every one of those properties, handing execution to five thousand keepers is not a leap of faith but a flag.”
Tonight, holders are invited to activate their Chain Mancer NFTs and begin earning a portion of the proceeds the project has started generating.
Looking ahead, an early version of the Mancer protocol is slated to go live sometime next week, according to The SlopFather.
For more information on all things Mancer, check out the project’s website here: https://mancer.xyz
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